Purchase and Sale Entries (Perpetual System) The adjusted trial balance of Moore Company appears below. Moore Company Debit Adjusted Trial Balance December 31, 2020 Credit Cash $ 12,000 Accounts Receivable Inventory 35,000 Buildings 140,000 Accumulated Depreciation- Buildings $ 20,000 Accounts Payable 12,000 Owner's Capital 144,000 25,000 Owner's Drawings 30,000 Sales Revenue 310,000 Sales Discounts 6,000 Sales Returns & Allowances 8,000 Cost of Goods Sold 188,000 42,000 $486,000 Operating Expenses $486,000 Instructions: Using the information given, prepare the year-end closing entries. Date Account Title Debit Credit